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do you know who pay for S&P and loan agreement stamp duty? Is owner or developer to pay? Legal fees is free but I’m but sure who is paying for stanly duty. Stamp duty is for S&P is around RM15 and loan is RM3k @VINCE

@VINCE
My discount is as below. I bought it when it is first day launch before Chinese New Year 2015.
8% discount Sales price (RM7xx,xxx 8% = RM57,xxx) become RM66x,xxx
RM66x,xxx additional 2% Discount = RM66x,xxx x2% =RM13,xxxbecome RM65x,xxx
I buy unit 2, 1100sqt, above 20 floor.
My understanding is stamp duty don’t have 6% GST, lawyer legal fees have 6%GST but this fees is waive so don’t have 6% GST.
Which unit u buy and when u buy ? 2% discount is about RM10k-20k different

@LL
What u thinking so much? Because mix with affordable house unit than RM100k cheaper? Is affordable unit come with two car park? If only one car park that is RM50k already mean only RM50k different, affordable unit need to wait 10 years only can sell, u can predict what going to happen 13 years from now?

@guesss, not everyone rich like you can sell/buy house in 10 years, some people take loan for 35 years, I believe can finish the loan in 10 years is very difficult for them unless you borrow 20% loan or high salary/income.

@VINCE
U are right, I choose this is because location, else why we speed additional RM100-200k. this location is near to Penang bridge, a lot of school choice, is located on the triangle of Georgetown, Bayan Baru, Air Itam.

This is one prime location, near to expressway exit, Jelutong bansan, surrounding got few schools, hospital, and not need to say countless hawker center. So given the per sq ft price not exceed 600, I think it’s a good buy for own stay and to have typical Penang lifestyle. If for invest, nope, because Penang property had reached it’s peak and steady..another boost is unlikely…

property_fans :@Block B Buyer
oceon view, mutiara height, halaman crystal, mutiara heights
those available in mudah website. i believe you could fine more in jelutong priced below 500k and size near to 1000 sf or larger.

uncle lim :
This is one prime location, near to expressway exit, Jelutong bansan, surrounding got few schools, hospital, and not need to say countless hawker center. So given the per sq ft price not exceed 600, I think it’s a good buy for own stay and to have typical Penang lifestyle. If for invest, nope, because Penang property had reached it’s peak and steady..another boost is unlikely…

@Haha
Argee! subsale is cheaper but you have to know subsale need to pay alot of the downpayment. buy a new project at least i no need to pay alot downpayment…and after complete the project you can guarantee all the subsale property price still same ???and after few year the old apartment or condo still can get a good return on invest????

Be careful, there is an indah water processing plant just 100m away. The pump keeps running 24 hours, very noisy, not to mention the smell. If you need to verify, go take a look at Tambun Indah’s Straits Garden, it’s doomed. The market is slow now, you can get much better deals in resale market.

i agreed. own stay still ok as pay for discounted price but investment not suitable due to snp price very expensive.

Furthermore, i check online headhunter company and found out more jobs available in mainland. if people staying here not running own business (be it hawker or shop etc) or very high pay job, not easy to pick the second hand unit.

I disagree with you @property_fan
Jelutong is located in centre of penang,within short distance to skycab which can link to bm
easy access to 1st bridge & surrounding commercial,heard my frd say latest up coming project
selling 1000psf +

true, no one will like their house near to “shai di” or hokkien tomb. But this is Pg island with limited space, no choice you have to face it. In fact the Indah water all the treatment equipment are concealed, my friend is one of contractor inside, he said no smelly even walking in the plant, so should not have funny smell even far away, otherwise the neighborhood should all cabut already. If really have, most likely it depends on the wind blowing direction lol…. Just 2 cent, buyer must personally site-visit the location before making decision. As a penangite, I’m very comfortable with this location and surrounding, so the Indah water thing somehow offset from these Pros.

BTW, I book another unit facing town view in recent lauch. SNP hear that signing in July.

That day I went to the site and found that there are two road beside there, one is beside Richmond residences, one is beside a low cost flat,which can directly link to mutiara height..may i know where is the entrance of artis 3, near the Richmond residences or the low cost flat? because i found that the low cost flat there very crowded, especially during puasa, many malay stall beside the road..if the artis 3 entrance was beside Richmond residences i think will much more better lo…

I received airmas letter last week said that sap is ready 22July onwards.
now I’m more interested to getting know is how the affordable units package the sold, are the slightly price difference only compared to normal unit as developer claimed?

@Emily, i just contacted Airmas, one of their personnel request me to submit form to Government first and must get approval letter from Government only can proceed further. I checked with BSG’s personnel for their afforable house, they will help us to submit

One of the agent told me that all of the units only comes with 1 car park, and unable to purchase 2nd car park at the moment, due to the developer submitted the master car park plan to government, so unable to perform any changes. If it’s only comes with 1 car park, it’s really a big issue!

@andy
I signed the S&P few months ago, bought 3rd car park at RM35,000. I don’t read the S&P at all just signed, lawyer is hire by developer, if u not agreed the term n condition they will ask u don’t buy. This project will take 3+1 years to complete from the date S&P been stamping, mean developer have longer time. Even u sign not mean stamping already, few months already still not return the S&P to me.

@Guess
congrat for buying the 3rd car park. i hear now no more extra car park to sell. Do you know why it need extra 1 year to complete the project? 1 more year means buyer need to pay more interest before the completion. sounds negative.

@andy Lawyer is from developer, so S&P is benefit much to developer is normal. Additional one year is nothing, from the day I paid deposit until now already 22 months, it take almost 5 -6 years to complete. U still entitle for discount purchase now?

U should consider the fact that now no more DIBS which means that from the day when developer start to get the money from bank ( our loan money) for construction, we as a buyer need to start pay the interest every month. additional 1 year means u need to pay the interest for your loan ( ~ normally 600++k) every month before the completion of the project. Ya, still gt some discount but lesser than the early bird package already.

@andy I bought at middle higher floor, it mean less money, payment will based on construction completion schedule, so higher floor have some advantage. Until now I just pay the deposit money and RM15k for 3rd car park. I will start pay my installament once bank loan release instead of pay interest only.

Hi Guys
i have checked with developer and found some negative factors to buyer who bought standard unit.
1st, it has >50 units of 500-650sqft affordable unit selling at 200 n 300k for Block C. In additional to it, Block B has 22 control units which are treated as affordable units where potential buyers need to apply from State government , the size is bigger (1175sqft) but with much lower selling price (<600k only). I am still considering as i worry my 1100 sqft unit will get impacted if i want to sell in the future..
Did you guy consider this factor before when buying the project? especially those 1100sqft one?
Thanks for the sharing in advanced

Hi guys, any of you managed to get an offer on this project through government offer? I just called the government office, said currently they’re offering to queues from 2008 applicants first. Very long list it seems =_=

Anyone bought this property and had referral issue?
The developer said we are not entitled to the referral discounts because we informed them after we had sign the s&p. But our agent told us it is fine and will still get the referral discounts. But now told us otherwise too.

I heard that the buyer is compulsory to take the 3rd car park which cost RM 35,000. Is it true? How if i only got 1 car and the unit already comes with 2 car park.. doesn’t make sense i need to get the 3rd car park right?

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